SOLNA, Sweden, July 19, 2002 (PRIMEZONE) -- Esselte:
-- Gross margin improved 1.0% to 29.7% compared to the second quarter last year -- Operating income excluding items affecting comparability increased by 18% to SEK 60 million (51) despite weak markets -- Restructuring costs were SEK 47 million compared to SEK 196 million last year -- Financial expenses were reduced by SEK 43 million to SEK 22 million -- Net income was SEK -5 million, compared to SEK -126 million last year -- J.W. Childs has decided to implement the recommended public offer to the shareholders of Esselte for all shares of Esselte AB (publ) -- De-listing from Stockholmsborsen and London Stock Exchange is planned for 01 August 2002 For further information please contact: Ulrik Svensson, acting CEO +44 (0) 1895 878 770 Thomas Groth, IR +44 (0) 1895 878 983
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